The Queen's Gurkha Engineers Regimental Trust cio THE INDEPENDENT SERVICES AGENCY LTD. PO Box 314. Woking GU24 9FA Telephone.. OJ270 855825 Email.'isvcsagenryffj)easynel.co.uk A Registered Charity THE QUEEN'S GURKHA ENGINEERS REGIMENTAL TRUST THE ANNUAL REPORT OF THE TRUSTEES AND THE ANNUAL ACCOUNTS YEAR TO 28 FEBRUARY 2025 TH
The Queen's Gurkha Engineers Regimental Trust clo THE INDEPENDENT SERVICES AGENCY LTD. POBOX314 West End. Woking Surrey. GU24 9FA Telephone.. 01276 855825 Email.. isv¢sagencJ(&ouili)okcom A Regist¢r¢d Charity RF.PORT BY THE TRUSTEF.S OF THE UF.F.N'S C.URKHA F.NC.INF.FRS REGIMENTAL TRUST FOR THE YEAR ENDED 281FI FEBRUARY 2I125 REGISTERED C'HARITY NO 1011421 Baekgroun Ih The Queen's Gurkha Engineers Regimental Trust came into being on 10 March 1992. when the Trust Deed was fornially adopted. Subsequently the structure of the Regiment changed dramatically as a result of reductions within the Brigade of Gurkhas and the withdrawal trom Hong Kong. Until recently The Regiment had been embodied in 69 & 70 Gurkha Field Squadrons QCJE, which forn]ed part of 36 Engineer Regiment however on 13 July 2023 20 Field Squadron Royal F.ngineers was redesignaied and refornied as 67 Gurkha Field Squadron, the Queen's Gurkha Engineers. This made it the second Gurkha F ield Squadron in 36 F.ngineer Regiment and the third Queen's Gurkha F.ngineer Squadron. 70 Gurkha Parachute Squadron now sits under 23 Air Assault Regimeni Royal Engineers. The year 2024/2025 was the twelfth full year that the Trust operated under the tern]s of the mLrger agreement whereby the Regimental Association's account and that of thc Perowne Memorial Trust Fund amalgamated with the Regimental Trust. The Perowne Trust has now been wound up and s() th¢ account now only embraces the combined funds of the Trust and the Association. All the banking arrangements lor the combined fund were Lentralised with Holt's Military Banking. This has enabled a greatly simplified set of accounts to be produced with the participating entities having their income and expenditure consoliddted under headings such as subscriptions, charitable donations (including educational grants), traternity and administration. Objects of the Trust The objects of the Trust are: To promote the efticiency of the Regiment and the maintenance of its history, traditions and esprit de corps. b. To purchase such chattels and other property as is, in the opinion of the Managing Trustees, for the benefit of the Regiment and to insure and maintain such properly. For other charitable purposes, promoting efficiency or esprit de corps of all ranks of or serving with the Regiment, including the provision of recreational facilities and amenities not provided for out of public funds.
d. To provide for the relief of hardship, distress or poverty amongst serving or former members of the Brigade of Gurkhas and dependents by the provision or application of monies whether by gift or loan. These objects have been borne in mind by the Trustees during the period under review. Truslees and adverS. Ex-officio; Colonel Richard Walker OBE Chairman (Resigned 31 January 2025) The Commandant QGE, Lieutenant Colonel Ryan Castro The Gurkha Major, Major Govindabahadur Rana QCJF. st Ih The four Co-opted Trustees at 28 February 2025 were: Brigadier AD Harking OBE Colonel DA Caulfield Lieutenant Colonel AWHH Macleod Lieuten<mt Colonel AA Gooch The Secretary to the Trustees was Major Ian Moore: he remains an ex-officio Trustee and has taken over from ColonL'I Walker as Lhaimian ot. the Regimental Association.. Mr MF14 Adler ot"The Independent Services AgLncy Ltd actLd as treasurer and also remains an ex-ofticio Trustee of the Charity. The Trust's investments are managed by BlackRock in The Arn]ed Forces Charities Growth & Income Fund. Income and Erpenditure The accounts attached to this report show the combined income and expenditure ot. the Rcgimental Trust. InLome has arisen trom the investment in the BlaLkRock Arn]ed Forces Charities Growth & InLome Fund and from bank deposit interest as well as from subscriptions, many under Gift Aid, from Members ot. thL Regiment. A £5,134.09 grant from the Brigade of Gurkhas Education and Welfare Fund was received and the proceeds spent on welfare t.or the direct benefit of serving members ot.the Regiment. Expenditure has covered such aspects as the publication of the Regimental Journal, the holding of a Reception al the Housc of Commons (largely tunded by those attending the event). the Rcgimental Birthday and Deshain, contributions to the Gurkha Brigade Association, the Britain N¢pdl Solicty and to meeting certain other minor grants and administrative expenses. Risk assessmeni andpolicy. The Trustees review the risks, which might aftect the Ch¢wity, on a regular basis. 'fhe main risk is assessed as being a major collapse of the Stock Market but, nevertheless, they consider that their investments, which are prof¢ssionally manag¢d by a major finanLial organisation, are as well diversified as they can be. The Trustees have experienced previous down turns in the market but. being a charity with long tem] expectations and requirem¢nts, they are content that their present investmLnt policy is thc proper onc.
No documents are required to cover volunteer management, safeguarding vulnerable beneficiaries and complaints handling as the Charity has, and does not expect to have, any involvement in such matters. Aclivilies and achievements. The activities planned for during the year namely the support of welfare and the maintenance of esprit de corps, were all achieved and were successful. 'rhe Rules of the Regimental Association were reviewed and updated during the year. Governance. I ruslees are selected on the basis of special skills that they can offer which will benefit the Charity in tern]s of its operation. A balance is maintained in order to ensure thai both the interests ot" serving personnel as well as those of the retired are adequately and properly rLpresenled. Trustees, training is mainly achieved by virtue ot"positions held by 'frustees in Iheir civilian or military capdLities. Where neLL'ssary, the Independent ServiLes AgyenLy Ltd provides specialised technical advice on rLlevant current charity matters. Use is also main of external Trustee training seminars. 'rhe Trustees are all "volunteers" and ofter their services on a financially un-rewarded basis. No other volunteers are employed. The treasurer's Agency is paid for its services but the treasurer himsclt. receives no direct tinancial benLfit. No regular fund-raising activities were or are employed. Public Benef The Trust achieves its objectives by the making ot" charitable grants out of its capital and income for the purpose of promoiing the efficiency of the arn)cd forces of The Crown, particularly by supporting the wclfare of serving, and fonnerly serving, personnel and in commemorating the history and traditions of the Regiment. The Charity makes a range of grants that. support activities that are not adequately. or directly. provided from Public Flunds. The Trustees recognise the benefits that this brings lo the Am]y generally. They consider, therefore, that the Charity more than meets the requirement to provide Public BenL'til under the charitable "Head" of "the promotion of the efficiency of the amied torces ot"The cro, Plansfor Ihefulure. The Trustees intend to grow the assets of the Regimental Trust and the Regimental Association. They will continue to assist the Regiment with grants for suitable charitable purposes. Signed by a Trustee on behalf of all Trustees and Dated 2025
Inde Trust endent Examiner's Re ort lo the Trustees of the ueen's Gurkha En ineers Re imental I report on the accounts of the Trust for the period ended 28 February 2025 as set out on the attached documents. ectlve res onslbili¢ies o Ihe Truslees and ihe Eyumlner As the Charity's Trustees you are responsible for the preparation of the accounts. you consider that the audit requirement of section 43(2) of the Charities Aci 1993 (the Act) does NOT apply. It is my responsibility to examine the accounts under section 145 of the Charities Aci 2011 (the Act); and lo follow the procedures laid down in the General Directions of the Charity Commissioners under section 145(5)b of the Act and to slat¢ whether particular matters hav¢ ¢ome to my attenlion. Boskn. o Ihe Inde endeni EKominer's Re ort My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presenled with those on record. It also includes consideration of any unusual items or disclosures in the accounts. and seekin&) explanations from you as Trustees concerning any such matters. The procedures undertaken do nol provide all the evidence that would be required tn an audit, and con5equenily I do NOT express an audit opinion on the view given in the accounts. Inde endenl Eramlner5 Sialement In connection with my examination, NO matl¢r has come lo my attention; ( l ) which gives me reasonable cause to believe that in any respect th¢ requirements to keep accounting records in accordance with the Acl. and to prepare accounts which accord with ihe accounting records and to romply with the accounting requirements of the Act have not been met. or (2) to which. in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. . A. Ct41 L Place. West End 2q *11201£. Indenden1 Examinerposi March 2Q12
QGE RegimentalTrust Income and Expenditure account 202412025 In¢omeXt2312024 PIIEWOUS YEAR INCOME2024/2025 CURRENT YEAR Investment Incomo QGEA E3,550.68 QGEA Trust £3,737.56 (included in QGEA figure) Iin¢iudqOln QGEAll8uiel f3.55D.68 £3,737.56 Deposit Interest £201.32 Deposit Interest Subscriptions Gift Aid on subs BEWF £187.45 £5.650.00 £1,231.28 É15.134.09 Subscriptiot)s ,565.00 Gift A+don su05 £1,cfjo.00 BEWFISDPG t12,7.08 £18.733 38 £22,202.82 £4,555.00 lous•ofCommon$f¥•m £22,284.06 ma81n0 £92 00 Magazlne £0.00 E22a76.0 0,495.38 £22.378.08 £30,495.38 Exynoiiuw•202312024 Expendlture 202412025 GBA Subscrlption BTiUNepal Society G&ASurIptiOn E405.00 E405.00 £25.00 36 EW R881 HQBGGr8nts E12,907.06 8riiiNepal Socieiy E25.C 36 Engr Regt HQBG Gfants 75th Reunion Regt Birthday grant £15.134.09 751h Reunlon Nl• £iO,000.fo) Nla Blrthdaygrlni £1,500.00 £1.500.00 £24,432.06 £17,064.09 E3,442.20 MagaEI £3,654.37 Magazine House ofcommons Event Website DomaSn Name Trust admlnistralon lee previous year Trust administraion fee Col of Regt Leaving present I Cross Ioolh Birthdaty Bank Charges Chattels Total Expenditure £5,744.88 EO.00 £1,500.00 £1,600.00 £31.00 É50.00 £60.00 £2,005.80 £31,497.97 Webslte Domaln Name É330.55 Tru51 leeweviou$ye81 Tru511ee202W2024 ni8 El.W).00 Bank Charges Chaii816 .00 £30.398.98 To18iinrome £22.376.06 Total Income Total expenditure Excess ol Expendituie over income £30,495.38 -£31,497.97 -£1,002.59 Totsi eXPeDdltwe -E30,398.98 Excessol Expenditure ovÈrincome 8,022.92
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